GST invoice series

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This discussion clarifies the rules around GST invoice numbering at the start of a new financial year. While it's permissible to continue an existing invoice series (e.g., ABC/20-21/LBR/34), ensuring each number is unique to the financial year, it is generally recommended to start the new financial year's invoices from serial number 0001 for better practice.

CA ANANT KUMAR

CA ANANT KUMAR (Querist)
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15 October 2020 Hi

If last invoice number in FY 19-20 was ABC/19-20/MAR/33, then in FY 20-21, can the series be started with ABC/20-21/LBR/34 or is it mandatory to start the series with serial no 1?

Thanks in Advance

Lekhraj sood

Lekhraj sood (Expert)
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15 October 2020 It is legally not incorrect but it is better to start from 0001.

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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15 October 2020 You can do so but it be should be unique to the financial year.

CA ANANT KUMAR

CA ANANT KUMAR (Querist)
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16 October 2020 Thanks Dileep Sir, Just to confirm as you said it should be unique, that means invoice number ABC/20-21/LBR/34 can be taken from FY 20-21?

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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16 October 2020 you can start withABC/20-21/LBR/34 , there is no issue

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